Bulletin No. 2007-2 January 8, 2007

Notice 2007–2, page 254. This notice provides transition relief for the use of debit cards for medical expense reimbursements at certain merchants with non-health care related merchant category codes (MCC) and addresses the use of debit cards for medical expense reimbursements at stores with the Drug Stores and Pharmacies MCC. Rev. Rul. 2003–43 modified.

Notice 2007–4, page 260. Extension of transition relief for certain partnerships and other pass-thru entities under section 470. This notice extends to taxable years that begin before January 1, 2007, the transition relief under section 470 of the Code provided under Notice 2005–29, 2005–1 C.B. 796, and Notice 2006–2, 2006–2 I.R.B. 278, to partnerships and certain other passthru entities that are treated as holding tax-exempt use property because of the application of section 168(h)(6). Notices 2005–29 and 2006–2 modified and superseded.